94,329 Shares in Pan American Silver Corp. $PAAS Acquired by Empowered Funds LLC

Empowered Funds LLC bought a new stake in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 94,329 shares of the basic materials company’s stock, valued at approximately $4,225,000.

A number of other large investors have also recently bought and sold shares of the stock. NFJ Investment Group LLC acquired a new position in shares of Pan American Silver in the second quarter worth $25,000. Parallel Advisors LLC lifted its position in shares of Pan American Silver by 151.8% in the third quarter. Parallel Advisors LLC now owns 642 shares of the basic materials company’s stock valued at $25,000 after acquiring an additional 387 shares in the last quarter. Fifth Third Bancorp boosted its stake in shares of Pan American Silver by 1,336.1% during the first quarter. Fifth Third Bancorp now owns 517 shares of the basic materials company’s stock valued at $28,000 after acquiring an additional 481 shares during the last quarter. Danske Bank A S acquired a new stake in shares of Pan American Silver during the second quarter valued at $30,000. Finally, Caitong International Asset Management Co. Ltd acquired a new position in Pan American Silver in the 4th quarter valued at about $34,000. Institutional investors and hedge funds own 55.43% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on PAAS shares. BMO Capital Markets reaffirmed a “market perform” rating on shares of Pan American Silver in a research note on Thursday, August 13th. TD Cowen raised shares of Pan American Silver from a “hold” rating to a “buy” rating and boosted their price objective for the company from $67.00 to $72.00 in a research report on Tuesday, May 12th. Jefferies Financial Group reduced their price objective on shares of Pan American Silver from $54.00 to $53.00 and set a “hold” rating on the stock in a research note on Monday, July 6th. TD Securities upgraded shares of Pan American Silver from a “hold” rating to a “buy” rating and set a $72.00 target price on the stock in a research report on Monday, May 11th. Finally, Zacks Research upgraded Pan American Silver from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 18th. Eight analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $70.43.

Pan American Silver Trading Down 1.8%

Shares of PAAS stock opened at $51.90 on Tuesday. The firm’s 50-day simple moving average is $46.71 and its 200-day simple moving average is $52.60. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.94 and a quick ratio of 2.23. Pan American Silver Corp. has a 1-year low of $32.95 and a 1-year high of $69.99. The firm has a market cap of $21.65 billion, a P/E ratio of 15.68, a PEG ratio of 5.06 and a beta of 0.73.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last issued its quarterly earnings results on Wednesday, August 12th. The basic materials company reported $0.73 EPS for the quarter, missing the consensus estimate of $0.84 by ($0.11). The company had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.16 billion. Pan American Silver had a return on equity of 20.01% and a net margin of 32.04%.The business’s revenue for the quarter was up 38.4% on a year-over-year basis. During the same period last year, the company posted $0.43 EPS. As a group, equities analysts forecast that Pan American Silver Corp. will post 3.91 EPS for the current year.

Pan American Silver Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 4th. Stockholders of record on Monday, August 24th will be paid a dividend of $0.184 per share. The ex-dividend date of this dividend is Monday, August 24th. This represents a $0.74 annualized dividend and a dividend yield of 1.4%. This is a boost from Pan American Silver’s previous quarterly dividend of $0.18. Pan American Silver’s dividend payout ratio is presently 22.36%.

Pan American Silver Profile

Pan American Silver Corp. (NYSE: PAAS) is a Vancouver-based mining company and one of the world’s largest primary silver producers. The company’s core activities encompass the exploration, development, extraction and processing of silver, with significant by-product production of gold, zinc and lead. Pan American Silver maintains a vertically integrated operating model, covering the full mining value chain from resource discovery through to refined metal production.

With a geographic footprint concentrated across the Americas, Pan American Silver operates multiple mines in Mexico, Peru, Argentina and Bolivia, and is advancing several development and exploration projects in Chile and Ecuador.